Monday, 23 April 2012

Responsibility in the Control Ecosystem

In every Business Risk & Control environment a maker /
checker principle is adopted. Within more developed approaches the question of
the relationship between those two functions becomes a central point of
calibrating the Control Ecosystem.

Business Risk & Control Environment

Holding organizations work with many entities in entirely
different environments. Despite different services, products, markets, legal frameworks
and leadership experience across the entire organization, very often a homogenous
structure of guidelines and rules are applied. This complexity is further
increased by a set of local policies and operational necessities. The
professional management of such an overall organization in regards to business
risks and controls is a challenge that takes more and more resources.